Crosswords1 min ago
Gold bars cracking up (literally)
2 Answers
Some gold bars held by the Bank of England have huge cracks in them pointing to impurities in the gold. The price has been affected and are worth a lot less. Who shoulders this responsibility, the bank or the government?
Answers
1 to 2 of 2
Best Answer
No best answer has yet been selected by kwicky. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.
a. The bars are property of the Government.
b. Most of the bars were imported from the US (infer from this what you will).
c. The $8 billion (value to be reassessed!) in gold would be useless as a prop to the UK's $2.4 trillion economy.
d. Between 1999 and 2002 Gordon Brown sold off 395 tonnes (55%) of the gold reserve for around $3.5 billion. If the remaining 320 tonnes loses half of its value it is still a better result than Mr Brown's attempt at speculation.
b. Most of the bars were imported from the US (infer from this what you will).
c. The $8 billion (value to be reassessed!) in gold would be useless as a prop to the UK's $2.4 trillion economy.
d. Between 1999 and 2002 Gordon Brown sold off 395 tonnes (55%) of the gold reserve for around $3.5 billion. If the remaining 320 tonnes loses half of its value it is still a better result than Mr Brown's attempt at speculation.
1 to 2 of 2
Related Questions
Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.